Technological catching up and innovation policies in China: What is behind this largely successful story?

Li, Yanfei; Ji, Qiang; Zhang, Dayong

doi:10.1016/j.techfore.2020.119918

Cited by 51 publications

(28 citation statements)

References 27 publications

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“…The sample thus consists of observations for 459 country years. The United States and Canada were included for completeness in spite of being located outside the New Silk Road, as their innovation has a considerable impact and is often used as a benchmark (Li et al, 2020).…”

Section: Methodsmentioning

confidence: 99%

“…In the face of cultural obstacles, Chinese companies have acquired European entities to gain access to their innovation capabilities (Yakob et al, 2018). While Chinese telecom giant Huawei is now receiving royalties from Western companies such as Apple, and Chinese technology is advancing in the aerospace, aviation, nuclear energy, and high‐speed rail industries, Chinese gains from intellectual property exports are still a mere one percent of those of the United States (Li et al, 2020). Connections by high‐speed rail, in turn, contribute to innovation in the connected regions, further evidence of the complexity of China’s innovation ecosystem (Gao and Zheng, 2020).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

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Maneuvering the bumps in the New Silk Road: Open innovation, technological complexity, dominant design, and the international impact of Chinese innovation

Brem

Nylund

2021

R & D Management

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Chinese innovation is again flowing westwards, which is fomented by China's Belt and Road Initiative. In this context, we study the international impact of innovations from specific countries. Based on panel data of patents from 27 countries over 17 years, we find that levels of open innovation, technological complexity, and dominant design influence the international impact of innovations from a country. Contrary to earlier research, however, this influence is negative when open innovation activities are involved. This is particularly relevant in the context of Chinese innovation, in which the same innovation networks that promote efficient production may hinder the development of innovations. Due to the innate uncertainty and newness of innovation, partners beyond the common local and long-term networks must be included. Hence, to effectively create a New Silk Road of Innovation, innovation ecosystems may need to expand across national borders. This opens up fruitful avenues for future research, and individuals with multiple cultural identities can bridge the gaps between contexts.

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Section: Methodsmentioning

confidence: 99%

Section: Theoretical Backgroundmentioning

confidence: 99%

Maneuvering the bumps in the New Silk Road: Open innovation, technological complexity, dominant design, and the international impact of Chinese innovation

Brem

Nylund

2021

R & D Management

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“…Financial development affects TFP mainly through technological progress and capital allocation (Li et al, 2018;Huang et al, 2019). Technological progress is essential to achieve sustainable economic growth (Li Y. et al, 2020). The research on financial development to promote TFP growth through technological progress started from the theory of endogenous growth proposed by Romer (1986).…”

Section: Introductionmentioning

confidence: 99%

The Heterogeneous Impact of Financial Development on Green Total Factor Productivity

Liao

2020

Front. Energy Res.

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This study examines the heterogeneous impact of financial development on green total factor productivity for 40 countries over the period 1991 to 2014. Specifically, this paper describes financial development from the three aspects of banking, securities, and insurance. In developing countries, an inverted U-shaped relationship exists between financial development and green total factor productivity, whether it is in bank development, securities development, or insurance development. In developed countries, the development of bank and insurance tends to adversely affect green total factor productivity, while the development of securities has always had a positive impact on green total factor productivity. Securities development is more conducive to improving green total factor productivity than bank development.

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“…Therefore, it is necessary to have an appropriate energysaving policy (Linares and Labandeira, 2010;Xia et al, 2019;Xu et al, 2019), having potential to reduce global carbon dioxide (CO2) emissions by 10% to 15% (International Energy Agency, 2009). The Chinese government has been formulating energy-saving policies since the 1980s and has issued a series of regulation measures and incentive policies for energy conservation (Li et al, 2020;Yuan et al, 2009). In 2009, the Chinese government had pledged to cut carbon intensity by 40-45% by 2020 compared with the 2005 level (Hu,2009;Yuan et al,2012).…”

Section: Introductionmentioning

confidence: 99%

Evaluation of the efficiency of Chinese energy-saving household appliance subsidy policy: An economic benefit perspective

Nie

Zhou

et al. 2021

Energy Policy

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China has made great efforts to control energy consumption and reduce environmental pressure in recent decades. In the residential sector, the dramatic increase in the ownership of household appliances has driven the growth of electricity consumption, which calls for effective energy-saving policies. In this study, we exemplified the sales of refrigerators in Beijing, aiming to evaluate the effectiveness of current subsidy policies for stimulating the purchase of energy-efficient household appliances.In specific, we first selected ten pairs of refrigerators from six brands having similar functions, however different in their energy efficiency grades (EEG). By applying a combination of net present value (NPV) difference method and Conversion Method of Electrical Engineering Coefficient, we calculated and compared the changes in the NPV difference and dynamic investment payback period (DIPP) to evaluate the effectiveness of the policy. The results revealed that economic benefits were mainly generated in EEG2; thereby we suggest that the government can cancel subsidies for EEG2 refrigerators, and increase the subsidy amount for EGG1 refrigerators at a potential rate of 24% in the future.

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Technological catching up and innovation policies in China: What is behind this largely successful story?

Cited by 51 publications

References 27 publications

Maneuvering the bumps in the New Silk Road: Open innovation, technological complexity, dominant design, and the international impact of Chinese innovation

Maneuvering the bumps in the New Silk Road: Open innovation, technological complexity, dominant design, and the international impact of Chinese innovation

The Heterogeneous Impact of Financial Development on Green Total Factor Productivity

Evaluation of the efficiency of Chinese energy-saving household appliance subsidy policy: An economic benefit perspective

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